Distribution List / Richlist
I have created a distribution list (Richlist) for Blocknet, Hope you guys like it.
Drop me a PM if you need anything.
http://www.richlist.eu/blocknet
Topic: [ANN][Blocknet] truly decentralized exchange | token ecosystem infrastructure - page 387. (Read 1103311 times)
October 29, 2014, 12:14:55 PM
October 29, 2014, 12:14:11 PM
The term "you" here refers to a third party (CoinGateway) with no vested interest in shafting anyone.
In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.
Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.
If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.
In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.
Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.
If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.
Are you saying that you let CoinGateway come up with the averaging function for your ITO?
That makes very little sense.
It would be impossible to game an averaging function significantly if it weighted historical prices more than recent prices. That's not a new concept.
I thought you guys were computer scientists and knew about mathy things like that.
Yes, it is their responsibility for the pricing of coins, in the same way that it could not be our responsibility to price coins on an exchange where one is listed.
October 29, 2014, 12:12:03 PM
Yah why didn't you take the past 2 month average for the ITO? GOD WHY?
Because then it wouldn't work in their favor.
Show us the calculations that were used to determine the average prices for the alt exchanges.
Ask CoinGateway.
You'd be mistaken to think that anyone at the Blocknet is in possession of their algorithm.
I'll ask them too, and report back if I get an answer.
October 29, 2014, 12:11:14 PM
The term "you" here refers to a third party (CoinGateway) with no vested interest in shafting anyone.
In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.
Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.
If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.
In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.
Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.
If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.
Are you saying that you let CoinGateway come up with the averaging function for your ITO?
That makes very little sense.
It would be impossible to game an averaging function significantly if it weighted historical prices more than recent prices. That's not a new concept.
I thought you guys were computer scientists and knew about mathy things like that.
October 29, 2014, 12:10:57 PM
Yah why didn't you take the past 2 month average for the ITO? GOD WHY?
I suggested that to them actually, but it would be unethical of me to have had any further sway on their decision.
October 29, 2014, 12:10:47 PM
Yah why didn't you take the past 2 month average for the ITO? GOD WHY?
Because then it wouldn't work in their favor.
Show us the calculations that were used to determine the average prices for the alt exchanges.
October 29, 2014, 12:10:19 PM
My confidence goes up for blocknet with such fud 
)
Where is fud, there's money to be made
)Where is fud, there's money to be made
October 29, 2014, 12:08:35 PM
Yah why didn't you take the past 2 month average for the ITO? GOD WHY?
October 29, 2014, 12:08:26 PM
Can i send block to my wallet from Bittrex once i have downloaded the wallet or do i have to wait until ITO is over?
October 29, 2014, 12:08:01 PM
I want an answer to this.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
+1,000,000
Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.
The value of an "average price" depends entirely on one's algorithm for determining the average.
So "nowhere near an average price" is strictly incorrect.
Well, since the sale is over, you can now tell us all what that algorithm is so we can do our own calculations and verify our transactions.
Thanks in advance.
October 29, 2014, 12:07:58 PM
I want an answer to this.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
+1,000,000
Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.
The value of an "average price" depends entirely on one's algorithm for determining the average.
So "nowhere near an average price" is strictly incorrect.
You can reverse engineer the averaging function from the time at trade and the trade rate. Your average was for a 45 minute window at best.
Either that or you took the lower of two ratios, one being a long term average and the other being a short term average.
You shafted SWIFT people here because it dumped the hardest. Other coins like SSD were stable throughout and those people got the fairest deal.
The term "you" here refers to a third party (CoinGateway) with no vested interest in shafting anyone.
In fact, their prime interest is to attract customers, so I very much doubt there'd be any "shafting" going on.
Their algorithm was not disclosed to prevent gaming coins' prices prior to the ITO.
If you're unhappy with the price of SWIFT, please take it up with them. I'm interested to hear their response actually, so by all means post it here.
October 29, 2014, 12:07:33 PM
Just curious...
Most likely they meant SDC or ShadowCoin which bailed out just recently.
October 29, 2014, 12:07:33 PM
I want an answer to this.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
+1,000,000
Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.
The value of an "average price" depends entirely on one's algorithm for determining the average.
So "nowhere near an average price" is strictly incorrect.
Now that altcoins can no longer be used to buy Blocknet tokens can you tell us how the average for each coin was determined?
October 29, 2014, 12:03:55 PM
Now now tx42, be civil.
It's hard to be civil when I realize the averaging function you used for the trade ratio shafts those who held through the SWIFT dump.
[edit]
Please reveal your averaging function now that it's practically impossible to take advantage of it.
October 29, 2014, 12:02:32 PM
can some coins be moved around if they aren't all sold? It's unfair how the coingateway ITO was held... there were problems, people weren't sure if they were receiving discounts. I think another 10% of blocknet coins should be moved into the coingateway for users who missed out due to the unfair circumstances.
October 29, 2014, 12:02:28 PM
I want an answer to this.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
Why don't you get someone from Coingateway on here to give a real statement about the 10% we're ALL missing?
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
Things sound VERY uncertain right now and I'd hate for this to cast a negative shadow over BLOCK.
And I also want to know why the SWIFT -> BLOCK exchange rate was NOWHERE near an average price.
+1,000,000
Why was it valued on the dump? Why not the recent average? Some people were stocking up well in advance of the ITO. They got the shaft, especially when they were holding through the dumps based on claims that an average would be used.
The value of an "average price" depends entirely on one's algorithm for determining the average.
So "nowhere near an average price" is strictly incorrect.
You can reverse engineer the averaging function from the time at trade and the trade rate. Your average was for a 45 minute window at best.
Either that or you took the lower of two ratios, one being a long term average and the other being a short term average.
You shafted SWIFT people here because it dumped the hardest. Other coins like SSD were stable throughout and those people got the fairest deal.
October 29, 2014, 12:02:10 PM
An update from CoinGateway:
Coingateway has about 40 tickets in-process for payments.
Once those are done, they will do the 10% payouts.
This is likely (but not certain) to happen at around 21:00GMT (5pm EST).
Coingateway has about 40 tickets in-process for payments.
Once those are done, they will do the 10% payouts.
This is likely (but not certain) to happen at around 21:00GMT (5pm EST).
So they'll automatically issue the payouts for those who purchased with the participating altcoins or will there be a kind of claims process?
Submit a ticket, on a principle of best practice.
It'll ensure that there's zero chance your purchase will end up falling through the cracks.
October 29, 2014, 12:00:35 PM
Now now tx42, be civil.
No abusively worded comments please.
Let's also respond to uncivil comments with respect.
No abusively worded comments please.
Let's also respond to uncivil comments with respect.
No no
)) October 29, 2014, 12:00:24 PM
An update from CoinGateway:
Coingateway has about 40 tickets in-process for payments.
Once those are done, they will do the 10% payouts.
This is likely (but not certain) to happen at around 21:00GMT (5pm EST).
Coingateway has about 40 tickets in-process for payments.
Once those are done, they will do the 10% payouts.
This is likely (but not certain) to happen at around 21:00GMT (5pm EST).
So they'll automatically issue the payouts for those who purchased with the participating altcoins or will there be a kind of claims process?
October 29, 2014, 11:59:27 AM
Now now tx42, be civil.
No abusively worded comments please.
Let's also respond to uncivil comments with civility.
No abusively worded comments please.
Let's also respond to uncivil comments with civility.
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